Security News
"Steve brings deep business and go-to-market expertise to Okta and adding him in this net-new role will only bolster our focus on operational rigor and data-driven decision making within worldwide field operations." "As customers continue to look to Okta to provide a platform to address every identity use case, Steve will play an integral role supporting our go-to-market strategy, driving predictable revenue, and ensuring we deliver delightful customer experiences."
Together, Okta and Auth0 address a broad set of identity use cases and the acquisition will accelerate the companies' shared vision of enabling everyone to safely use any technology, shaping the future of identity on the internet. "Combining Auth0's developer-centric identity solution with the Okta Identity Cloud will drive tremendous value for both current and future customers," said Todd McKinnon, CEO, Okta.
Identity and access management giant Okta late Wednesday announced plans buy rival Auth0 in an all-stock transaction valued at roughly $6.5 billion. Okta, based in San Francisco, Calif., expects the transaction to speed up its growth in an identity management market estimated to be in the range of $55 billion.
For the first time, business leaders now have a comprehensive and seamless user lifecycle management solution all within Cleanshelf, pairing high-performing technology visibility and insight with controls provided by an Identity and Access Management platform like Okta. With Cleanshelf's integrated platform, business leaders won't have to manually track down internal SaaS tools or paper audits which usually result in provisioning gaps.
Okta announced significant momentum in the financial services industry with new and expanded deployments for Canadian Western Bank, First National of Nebraska, and Nota, powered by M&T Bank. Following a successful rollout of the Okta Identity Cloud across its workforce, Canadian Western Bank decided to expand its deployment to include Okta Customer Identity and to support its goal of creating a consistent customer experience across all lines of business.
Okta further extended its Okta Devices Platform Service capabilities to developers through the Okta Devices SDK. Using the Okta Devices SDK, developers can enable passwordless authentication through branded push notifications with biometric capabilities, minimizing friction for end-users and increasing security posture. "This dynamic landscape has placed an extra emphasis on today's modern businesses to be relevant across every device. The Devices SDK takes the customizability and security of the Okta Identity Cloud and puts it in the hands of developers everywhere."
Single sign on provider Okta is opening its platform to third-party developers with a new Okta Devices SDK and an accompanying API that it said will allow developers to "Leverage the power of Okta Verify to build customized, secure, and seamless login experiences for their customers." Announced at Okta Showcase 2020, the new SDK was built for a mobile-first world that Okta said requires organizations to constantly deliver new bespoke and custom-tailored experiences for customers.
At Okta, Antar will report directly to Hector Aguilar, Okta's President of Technology, and will be responsible for enabling seamless experiences for Okta customers and employees. "Customer success is core to everything we do at Okta, and is more important than ever as we work to support our customers amidst the current health crisis. Customer success and employee enablement and productivity go hand-in-hand, which is why we're committed to empowering the Okta team to thrive in a Dynamic Work environment," said Hector Aguilar, President of Technology, Okta.
YouAttest, an innovator in the Identity Governance & Administration market, announced the general availability of YouAttest's Identity Compliance Solution, the first cloud-based tool which automates reporting and auditing services for Okta's Identity Cloud. YouAttest has joined the Okta Integration Network and its ICS products have completed certification with the Okta SSO and security methodology.
Hexnode the emerging global leader in the UEM market has recently announced incorporating new integration with Okta a popular cloud-based identity and access management solution. The integration adds more flexibility to the solution in the area of identity and access management functionalities.